ECC approves sovereign assurance of Rs6.94bn for Sialkot-Kharian Motorway

ISLAMABAD: A sovereign guarantee of Rs6.94 billion for constructing the Sialkot-Kharian Motorway project worth Rs43.3 billion has been approved by the Economic Coordination Committee of the Cabinet (ECC).

invest with imarat

Islamabad’s emerging city centre

Learn More

The construction of Sialkot (Sambrial) – Kharian Motorway has been approved on a Build-Operate-Transfer (BoT) basis by the Executive Committee of the National Economic Council (ECNEC) at the cost of Rs43.383 billion – including a share of Rs19 billion of the GoP and Rs24.309 billion of the concessionaire share.

The Motorway will comprise a 69km long road, with a 4-Lane Access Controlled Facility, and will be completed in 2024, under the Public-Private Partnership (PPP).

The authority also approved a Viability Gap Funding (VGF) of sum Rs10.9 billion under the federal PSDP.

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

12 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

1 day ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

2 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

3 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

4 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago